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When you lose your job, the unemployment rate isn't four percent, it's 100 percent.
-Thomas Friedman
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When You Lose Your Job, The Unemployment

Thomas Friedman
When you lose your job, the unemployment rate isn't four percent, it's 100 percent.
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Jobs Unemployment Four

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I can't possibly predict precisely what the unemployment rate will be at the end of one year. i can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6%, and perhaps a little lower.
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Economists often talk about the 80/20 principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. in most societies, 20 percent of criminals commit 80 percent of crimes. twenty percent of motorists cause 80 percent of all accidents. twenty percent of beer drinkers drink 80 percent of all beer. when it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.
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Generous unemployment benefits can increase both structural and frictional unemployment. so government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.
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You never agree with any one candidate 100 percent. i don't agree with myself 100 percent. you don't even agree with me 100 percent.
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